Last Updated: 22nd January, 2018

What Makes A Good Credit Score?

Published by Otto Dargan on February 18, 2014

Are you planning to buy a home?

Do you have a clean credit file or no credit history at all?

Are you a high income earner with few assets?

You’d be surprised by which factors have a massive impact on your credit score and, ultimately, whether the bank will see you as a high risk or not.

Did you know…?

  • Credit scoring is the number 1 reason why people with a good job and deposit get declined.
  • You can fail a lenders credit score even if you have a flawless credit history.
  • Your credit score is critical if you are borrowing over 80% of the property value.

Check out this example

This is an example of someone with a really good credit score result:

Results of credit score calculator

Use our calculator to avoid getting knocked back for your home loan.

Most banks will not lend to you if you’ve made a lot of enquiries with a number of lenders, so don’t apply with the wrong bank!

Downloadable infographic

Credit score infographic

We’re mortgage specialists

We know what banks are looking for and we even know some lenders that do not credit score at all!

If you want to know how to get approved, no matter your score, call 1300 889 743 to speak with one of our expert brokers or enquire online.